If you're in a high tax bracket now and expect to remain in a high tax bracket after retirement, should you prioritize pretax retirement accounts or Roth retirement accounts for individuals?

James answers this and discusses various factors to consider in making this decision, including current and future tax brackets, required minimum distributions (RMDs), charitable giving, life expectancy, and the impact on heirs. Using a reallife scenario, James offers a thoughtful approach to help you make an informed decision based on your unique circumstances.

Questions answered:
Should individuals in high current tax brackets prioritize pretax retirement accounts or Roth retirement accounts?
What impact will required minimum distributions (RMDs) have on your future tax situation?

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⏱Timestamps:⏱
0:00 Intro
3:48 Considering Roth contributions
7:05 Example
13:25 Charitable giving
15:42 Life expectancy
18:18 What about your heirs?
20:52 Outro

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